man’s
hand
reaching
for
the
brass
ring
Ed.
note:
Welcome
to
our
daily
feature, Quote
of
the
Day.
It
opens
more
doors
and
more
opportunities
when
you
have
that
[income]
tier.
Firms,
I
believe,
are
also
looking
to
protect
their
equity
partnership
and
ensure
it’s
healthy
and
economically
viable.
So,
finding
a
path
where
you
can
make
someone
a
partner
without
diluting
the
equity
partnership
is
solved
by
having
a
nonequity
tier.
—
Lorie
Almon,
chair
and
managing
partner
at
Seyfarth
Shaw,
in
comments
given
to
the
American
Lawyer,
concerning
the
possible
motives
for
Biglaw
firms
to
adopt
different
partnership
tiers.
Almon
added,
however,
that
partnership
tiers
can’t
become
a
“caste
system,”
explaining,
“All
of
our
partners
participate
in
financial
calls.
They’re
sharing
the
same
information.
We
don’t
see
it
as
sort
of—’the
equity
partners,
who
are
the
owners,
and
then
other
people
who
are
not
as
valuable.’”
Staci
Zaretsky is
the
managing
editor
of
Above
the
Law,
where
she’s
worked
since
2011.
She’d
love
to
hear
from
you,
so
please
feel
free
to email her
with
any
tips,
questions,
comments,
or
critiques.
You
can
follow
her
on Bluesky, X/Twitter,
and Threads, or
connect
with
her
on LinkedIn.